Question

why a general entry for trade discount not passed in the book of account​

Answer 1

Answer:

A pronoun (I, me, he, she, herself, you, it, that, they, each, few, many, who, whoever, whose, someone, everybody, etc.) is a word that takes the place of a noun. In the sentence Joe saw Jill, and he waved at her, the pronouns he and her take the place of Joe and Jill, respectively.

Answer 2

Answer:

Trade discounts are generally not accounted for the following two reasons: The trade discount does not change the financial condition of the buyer or seller. The net sale price is determined by excluding the trade discount, and the actual purchase or sale price refers to the net purchase or sale price.